Despite Ethereum’s significant price decline, currently trading at $3,209, some Ethereum-based tokens are quietly building strength. Data shared today by Nansen not only reveals where real money is flowing but also highlights the top Ethereum-based assets attracting aggressive attention from smart money investors.
Smart money investors are typically recognized by their wallets, which often hold substantial funds and record significant profits in DeFi activities. The analyst identified the top assets heavily bought by the smart money wallet group over the past seven days.
### Top Ethereum Tokens by Smart Money Accumulation
#### YieldBasis (YB)
According to the data, YieldBasis (YB) was the most purchased token by smart money. YB pulled in net inflows of $171.8K over the past week, making it the most attractive asset on Ethereum. Major catalysts behind its impressive market performance include its launch on the Binance HODLer airdrop page in mid-last month and its recent token listings on Bitget and Kraken.
#### SubQuery Network (SQT)
SubQuery Network (SQT) was also heavily bought by smart money investors on the Ethereum network. Over the week, SQT recorded capital inflows of $69.8K. This surge in funds signals huge accumulation from institutional investors and reflects high market interest in the Web3 project.
#### Perpetual Protocol (PERP)
Third on the list is Perpetual Protocol (PERP), a decentralized futures exchange built on Ethereum. In the last seven days, smart money wallets withdrew $20.7K from the platform, indicating significant capital inflows. This movement suggests a wave of investors engaging in derivatives trading on the DEX platform.
#### Morphware (XMW)
Morphware (XMW), an AI-driven crypto token, has also been heavily accumulated on Ethereum this week. The data shows that XMW attracted net inflows of $20K, highlighting increased enthusiasm around its network. Morphware is an Ethereum-based Layer 3 AI application platform designed to offer decentralized machine-learning solutions. Its intelligence token plays a crucial role in autonomous agent functions, secure data processing on-chain, and decentralized AI model training, which explains the platform’s growing demand and user attraction.
#### Shuffle (SHFL)
Shuffle (SHFL), known for its crypto gambling platform, experienced net inflows of $18K over the week. These substantial capital inflows suggest growing interest from investors looking to capitalize on its gamified ecosystem that combines user rewards with premium gameplay.
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As Ethereum continues to face downward price pressure, these smart money trends reveal pockets of strength within its ecosystem, highlighting opportunities that savvy investors are currently exploring.
https://bitcoinethereumnews.com/crypto/top-5-crypto-assets-heavily-accumulated-by-smart-money-in-the-past-week/
